{"id":16541,"date":"2020-07-21T07:34:44","date_gmt":"2020-07-21T05:34:44","guid":{"rendered":"https:\/\/bernstein-bank.com\/?p=16541\/"},"modified":"2020-07-21T07:34:44","modified_gmt":"2020-07-21T05:34:44","slug":"can-gold-fall-to-1500","status":"publish","type":"post","link":"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/","title":{"rendered":"Can Gold fall to $1500?"},"content":{"rendered":"\n\n\n
\n

Gold<\/span>\u00a0 \u00a01819,67
\n(+0,13%<\/span>)<\/h4>\n<\/th>\n

\n

EURUSD<\/span>\u00a0 \u00a01,1433
\n( -0,08%<\/span>)<\/h4>\n<\/th>\n

\n

DJIA<\/span>\u00a0 26666
\n(+0,11%<\/span>)<\/h4>\n<\/th>\n

\n

OIL.WTI<\/span>\u00a0 40,99
\n(+0,47%<\/span>)<\/h4>\n<\/th>\n

\n

DAX<\/span>\u00a0 \u00a013083,35
\n(+0,01%<\/span>)<\/h4>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n

On Monday, we saw another high in the gold market. By the end of the trading session the price had rolled back a bit. However, the closing price of the day also showed a 7-year high.<\/p>\n


\nGold<\/strong><\/p>\n

\"Gold\"<\/p>\n

The yellow metal has only $100 left to pass, to the level shown in October-November 2011. Recall that the historical maximum is 1920 dollars per troy ounce.
\nWe all understand the arguments why gold can rise to $2,000, and then $3,000. But let’s turn on the fantasy. Can gold go down dramatically? What kind of forces could push it to that? Is it possible to see the price of $1,500 again this year.
\nIt seems fantastic. But nothing is impossible in the market. We can assume that several factors must coincide to move to the level of 1500$:
\n– The victory of doctors over the COVID-19 pandemic. Specifically, the creation of the vaccine
\n– John Biden will win the US presidential election.
\n– The inflation rate will rise sharply.
\nIf all 3 points coincide, then: gold will no longer interest investors as a protective asset, international tensions will decrease, the central banks will have to raise interest rates.<\/p>\n


\nS&P 500
\n<\/strong><\/p>\n

The main US stock index rose to its highest level since February 2020. As we predicted last week, a large number of investors and speculators want to drive the price even higher. Investors hope that the huge infusion of money will lead to another year of growth in the stock market. And speculators want to make good money on shortstops.<\/p>\n


\nPound Sterling
\n<\/strong><\/p>\n

The British pound suddenly grew strongly against the American dollar. However, both fundamentally and technically the picture is still bleak. From the fundamental point of view, the pound is pressed by the situation with the coronavirus. And from the technical point of view, the English currency, unlike the same EUR and Japanese Yen, is below the 200-day moving average.<\/p>\n


\nWhat’s waiting for us today?<\/strong><\/p>\n

03:30 Minutes of the meeting of the Reserve Bank of Australia
\n14:30 Chicago FBI Business Activity Index June
\n17:10 Canadian retail sales for May<\/p>\n

\n

Important Notes on This Publication: <\/small><\/p>\n

The content of this publication is for general information purposes only. In this context, it is neither an individual investment recommendation or advice nor an offer to purchase or sell securities or other financial products. The content in question and all the information contained therein do not in any way replace individual investor- or investment-oriented advice. No reliable forecast or indication for the future is possible with respect to any presentation or information on the present or past performance of the relevant underlying assets. All information and data presented in this publication are based on reliable sources. However, Bernstein Bank does not guarantee that the information and data contained in this publication is up-to-date, correct and complete. Securities traded on the financial markets are subject to price fluctuations. A contract for difference (CFD) is also a financial instrument with leverage effect. Against this backdrop, CFD trading involves a high risk up to the point of total loss and may not be suitable for all investors. Therefore, make sure that you have fully understood all the correlating risks. If necessary, ask for independent advice.<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

Gold\u00a0 \u00a01819,67 (+0,13%) EURUSD\u00a0 \u00a01,1433 ( -0,08%) DJIA\u00a0 26666 (+0,11%) OIL.WTI\u00a0 40,99 (+0,47%) DAX\u00a0 \u00a013083,35 (+0,01%) On Monday, we saw another high in the gold market. By the end of…<\/p>\n","protected":false},"author":37,"featured_media":13158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nCan Gold fall to $1500? | Bernstein Bank<\/title>\n<meta name=\"description\" content=\"On Monday, we saw another high in the gold market.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can Gold fall to $1500? | Bernstein Bank\" \/>\n<meta property=\"og:description\" content=\"On Monday, we saw another high in the gold market.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\" \/>\n<meta property=\"og:site_name\" content=\"Bernstein Bank\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-21T05:34:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"455\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Wordpress Support\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Wordpress Support\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\"},\"author\":{\"name\":\"Wordpress Support\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/#\/schema\/person\/f2be4e4423d78d9d97bf1e9a8db9fd48\"},\"headline\":\"Can Gold fall to $1500?\",\"datePublished\":\"2020-07-21T05:34:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\"},\"wordCount\":535,\"image\":{\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/bernstein-bank.azureedge.net\/wp-content\/uploads\/2019\/10\/morning-news.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"ENH\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\",\"url\":\"https:\/\/bernstein-bank.com\/en\/can-gold-fall-to-1500\/\",\"name\":\"Can Gold fall to $1500? 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